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  1. #1
    Join Date
    Jan 2012
    Posts
    3

    Default Can a Permanent Resident Start a Jewelry Import Business

    My question involves business law in the state of: WA
    Hi,
    I'm a green card holder. Can I import fashion jewelry from india to sell on amazon or ebay. What are the legal formalities for that? Do I need to form a company?
    Thanks

  2. #2
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    2,344

    Default Re: Can a Permanent Resident Start a Jewelry Import Business

    You can conduct any kind of business that a U.S. citizen can conduct unless there is a specific citizenship requirement, like certain defense contractors, etc. You don't have to form any business entity, you can do business as a sole proprietor. Or, you can form an LLC or corporation. The main legal formality is that you comply with the tax laws as all residents and citizens must. That will involve keeping accurate records of your receipts and expenses.

  3. #3
    Join Date
    Jan 2012
    Posts
    3

    Default Re: Can a Permanent Resident Start a Jewelry Import Business

    I m planing to import the jewelry from India. One of my friend will help me in this. She stays in India. Can I do the partnership with her. We are planing to start on a very small scale. What type of company can can a partner who is out of States? What are the paperwork we need to do?
    Thanks

  4. #4
    Join Date
    Sep 2012
    Posts
    1,991

    Default Re: Can a Permanent Resident Start a Jewelry Import Business

    for tax and accounting and compliance reasons it would probably be easier for all involved if you each operated seperate businesses and so your relationship is a purely customer/supplier relationship. by doing this you do not have the potential pitfalls of attempting to run a multinational business with only two people. she has a simple export business you have a simple import business.

    while this will likely result in slightly reduced opportunities to have profits occur where profits are taxed less, you will save the need for hiring expensive international tax attorneys and be able to do your taxes yourself or just pay an accountant from time to time to keep your books straight.

  5. #5
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    2,344

    Default Re: Can a Permanent Resident Start a Jewelry Import Business

    Check with your state, but an LLC can have foreign members. If they derive income from U.S. sources they would be required to file a non-resident U.S. income tax return (1040NR). You could not have an S corporation, but you could have a C corporation. But an LLC is likely a better entity. Or, structure yourselves as separate businesses as Lehk suggested.

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